Best Trading System – How to Win More Often Trading Forex with Precision Trend (Histo) Indicator. If you are serious about making money in the forex markets, it is time to learn a method that you can use for the long term.
A well known “Precision Trend” indicator – made as a histogram version.
Indicator is similar to some existing indicator, but there are some deviation which makes it justifiable to have it as a separate indicator. It tends to be a good indicator for TRENDS.
This version is the histogram version of the indicator coloring the histogram bars according to the current “Precision Trend” state.
This ForexWOT Precision Trend (Histo) Trading System is profitable strategy. This strategy is trend following with rational stop loss and it’s based on Precision Trend (Histo), RSI, MACD, Moving Averages, Trend Magic, and Volty Channel Stop.
- Best Time frames: 30 min for intraday trading, H1 or higher for swing trading.
- Most Recommended Currency Pairs: EURUSD, GBPUSD, USDJPY, and all Major Pairs.
- Precision Trend (Histo)
- Moving Averages
- Trend Magic
- Volty Channel Stop
- Green color Precision Trend (Histo)
- Green color MACD and above 0 level
- RSI line above 50 level
- Blue color Volty Channel Stop
- Blue color Trend Magic line
- Price upward above Blue Volty Channel, Blue Trend Magic, and upward Moving Average line
- Signal Trend Green color bars
- Red color Precision Trend (Histo)
- Red color MACD and above 0 level
- RSI line below 50 level
- Red color Volty Channel Stop
- Red color Trend Magic line
- Price downward below Red Volty Channel, Red Trend Magic, and downward Moving Average line
- Signal Trend Red color bars
- You have to define for each currency and time frame level stop and take profit
- You may utilize a ratio ranging from 2: 1 to 3: 1 (profit/stop) in relation to market conditions
- Make the trading system without using the martingale